Earnings, in plain English. Before the open.

Numbers

NVIDIA printed $33.8B in revenue against a $32.9B estimate and EPS of $0.78 vs. $0.74. Data-center still carried nearly the whole print; gaming was a rounding error.

Guidance

The next-quarter guide landed roughly $2B above consensus. Management said Blackwell ramps are "constrained by packaging, not demand" — code for another raised bar next quarter.

Watch

Gross-margin trajectory as Blackwell mix rises, and any hint that hyperscaler Capex is pausing. The after-hours rip is guidance-driven; the stock lives and dies on the next raise.

Numbers

Costco beat: EPS $5.42 vs. $5.28, revenue $79.2B vs. $78.6B. Comparable sales ex-fuel rose 5.4%. Membership fee income grew 8% — the quiet flywheel that keeps compounding.

Guidance

No formal raise, but management reiterated the membership-fee increase timeline and said digital penetration is still early. Inventory turns stayed clean.

Watch

Traffic vs. ticket split in the next monthly sales update. A modest beat with steady comps is Costco's house style — the trade is boredom, not drama.

Numbers

Salesforce cleared a low bar: revenue $9.8B (est. $9.7B) and non-GAAP EPS $2.61 (est. $2.55). Remaining performance obligation ticked up; Agentforce attach rates were the storytelling win.

Guidance

Full-year revenue guide was nudged higher. Operating-margin targets stayed intact. Buybacks remain the capital-return story.

Watch

Whether Agentforce becomes a real ARR line or stays an account. The after-hours move is a relief rally on a raised guide — follow-through needs the next RPO print.

Numbers

Nike missed: EPS $0.37 vs. $0.42, revenue $11.6B vs. $11.9B. North America wholesale remained soft; Greater China decelerated again. Gross margin compressed 90 bps on promotional clearance.

Guidance

Guidance was cut. Management said the wholesale reset "runs through spring" and digital traffic is still rebuilding. No timeline for a clean inventory print.

Watch

Whether the stock finds a floor on the cut or keeps marking lower into holiday. The miss was telegraphed — the question is how deep the reset goes before comps stabilize.

Numbers

FedEx beat: EPS $3.88 vs. $3.70, revenue slightly ahead. Express volumes stabilized; Ground margins expanded on cost takes. Fuel surcharge helped the top line.

Guidance

Full-year EPS guide was raised. Management leaned into the Network 2.0 savings story and said industrial volumes are "no longer a headwind."

Watch

Industrial PMI follow-through and any UPS competitive response on Ground. A raised guide with stable Express is the constructive setup — rehearse the long-side playbook.

Numbers

Micron crushed it: EPS $1.92 vs. $1.71, revenue $9.4B vs. $8.9B. HBM sold out; DRAM pricing firmed. Management said HBM is constrained well into next year.

Guidance

Next-quarter guide blew past consensus. Capex was lifted for HBM capacity. The memory upcycle narrative is intact.

Watch

HBM allocation share vs. peers and whether spot DRAM keeps climbing. This is a guidance stock — the print matters less than the raise.

Numbers

Starbucks missed: EPS $0.81 vs. $0.88, revenue $9.1B vs. $9.3B. U.S. comps were negative again; China traffic improved but ticket lagged. Labor costs stayed elevated.

Guidance

Guidance was cut. The turnaround plan is "multi-year," and management stopped giving a firm timeline for positive U.S. comps. Margins stay under pressure through the remodel cycle.

Watch

U.S. traffic in the next monthly update and whether China ticket recovers. The cut was priced in by some — but multi-year turnarounds are where patience accounts go to die.

Numbers

lululemon beat lightly: EPS $3.15 vs. $3.08, revenue $2.55B vs. $2.51B. Americas comps slowed; International carried growth. Inventory was clean.

Guidance

Full-year guide was maintained — which the street read as soft. Management said promotions will stay disciplined and China remains the growth engine.

Watch

Americas traffic into holiday. A guide hold after a light beat often sells off — that is the setup to rehearse, not chase.

Numbers

Datadog beat cleanly: revenue $780M vs. $760M, EPS $0.46 vs. $0.40. Net-new ARR accelerated; Observability and Security both contributed. Large-deal metrics improved.

Guidance

Next-quarter and full-year guides were raised. Management said AI-workload monitoring is showing up in larger contracts, not just pilots.

Watch

Rule-of-40 trajectory and whether Security attach keeps compounding. Raised guide + accelerating ARR is the classic software long setup — paper-trade the follow-through.

Numbers

Adobe beat modestly: EPS $5.02 vs. $4.95, revenue $5.92B vs. $5.87B. Digital Media grew mid-teens; Firefly monetization is still early. RPO was in line.

Guidance

Guide was maintained. Management defended AI pricing and said competitive noise has not shown up in churn. Buybacks continue.

Watch

Whether Firefly becomes a material ARR line by next print. Modest beat + hold often fades — that fade is the trade to rehearse.

Numbers

Ulta missed: EPS $5.48 vs. $5.60, revenue $2.72B vs. $2.76B. Comps turned negative; prestige makeup softened and traffic lagged. Margins held better than feared.

Guidance

Full-year guide was cut. Management blamed a "challenging beauty consumer" and said inventory will stay lean into holiday.

Watch

Traffic recovery into holiday and whether prestige softens further. A cut this deep usually overshoots — but do not catch the knife without a paper rehearsal first.